The city of Pune, India, has begun offering residents a contactless smart card they can use for small purchases at participating merchants in Pune and in nearby communities.
Miracle Software Solutions Pvt. Ltd. launched the proprietary “Miracle Card” in a suburb of the city in the first phase of a rollout that eventually will include other cities in the state of Maharashtra, an official from the Gujarat-based company tells PaymentsSource.
Thus far the company has signed up about 70 merchants for the rollout, and it expects to sign up more this year.
Buyers of the card may use the plastic to pay for groceries, medicine and other basic expenses at any merchants registered with Miracle, he says. Buyers also get an online account so they can monitor their transactions and perform online payments.
Cardholders may top up their cards by going online and paying via a funds transfer from bank account or by using a payment card.
Participating merchants must be registered with Miracle, and they must have an Internet connection and reader from the company to accept the cards. “Sellers can also see the buyer’s photographs on their screen as soon as the card is brought near the contactless reader,” the official adds, declining to say how much merchants pay to accept the cards.
Miracle plans to increase its seller network in the next three to four months in the suburb and then extend it to other areas of Pune, he says.